Ian Low's Trading Ideas
The interest rate of Nov 2022 issue of Singapore Savings Bond (SSB) is at record high of average return for 10 years at 3.21%. The previous record was in Aug 2022 when it hit 3.0%. The maximum allotment size back in Aug was $9,000.
We can expect to Nov issue to be high demand, resulting in low allotment size.
This inflation does not seem to be going away. The Fed has made it clear that interest rates will rise till rising prices are under control. Global stocks and bonds are in bear market, with US recession at 98% probability (https://www.straitstimes.com/business/companies-markets/sell-off-on-wall-street-deepens-on-98-recession-odds) So what do I invest with my spare cash? Recently I invested in a “fixed deposit” at 3.31% annualized, half year maturity. Well, not exactly.